Whopping Britain? Or flopping Britain?

Things were looking promising for European businesses at the beginning of 2007. Energy prices are expected to lower, which will have a massive effect on the weak economy. And although no saveur believes the central bank will keep to its 3.5% interest rate for long, the news of Germany's growth-rate hitting a 6-year high was enough to make Europeans everywhere celebrate a quick "woohoo!". But it was short-lived.

The Bank of England has just announced its risen interest rates to 5.25% - whopping!
Why so high? And why now? Sour inflation numbers are likely to be the Government's big secret. Probably much worse than the 3% predicted by pessimistic analysts.

And so British businesses prepare to face a period of less competitive products and services. A slow-down in the US economy won't stop in the near future. And so the EU alliance must be confronted head on. Because British entrepeneurs know very well that no matter how wary Britons are of embracing the European project, alliances with European businesses count for a huge slice of the cake.

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